US embassy cable - 01ABUJA2338

Disclaimer: This site has been first put up 15 years ago. Since then I would probably do a couple things differently, but because I've noticed this site had been linked from news outlets, PhD theses and peer rewieved papers and because I really hate the concept of "digital dark age" I've decided to put it back up. There's no chance it can produce any harm now.

NIGERIA: GON PLANS TO VISIT IMF AND TREASURY IN WASHINGTON

Identifier: 01ABUJA2338
Wikileaks: View 01ABUJA2338 at Wikileaks.org
Origin: Embassy Abuja
Created: 2001-09-18 13:41:00
Classification: UNCLASSIFIED
Tags: ECON EFIN NI
Redacted: This cable was not redacted by Wikileaks.
This record is a partial extract of the original cable. The full text of the original cable is not available.

UNCLAS ABUJA 002338 
 
SIPDIS 
 
 
TREASURY FOR SONAL SHAH 
 
 
E.O. 12958: N/A 
TAGS: ECON, EFIN, NI 
SUBJECT: NIGERIA: GON PLANS TO VISIT IMF AND TREASURY IN 
WASHINGTON 
 
REF: ABUJA 2301 
 
 
1. EconOff received a call September 18 from Debt Management 
Office Director-General A.S. Arikawe.  Arikawe said that he 
and Minister of Finance Ciroma expect to travel soon to 
Washington despite the postponed IMF/World Bank annual 
meetings.  In particular, Arikawe said, the Minister would 
like to meet with IMF officials to discuss the Stand-by 
Arrangement (in light of IMF team's review reported in 
Reftel).  Arikawe commented, "the SBA does not look good, and 
if the SBA does not hold, than the Paris Club debt 
rescheduling would also not hold." 
 
 
2. Arikawe requested, therefore, meetings with U.S. Treasury 
officials in order to discuss Nigeria's 2002 debt obligations 
in the eventuality that the IMF program is terminated.  He 
said that without a rescheduling, Nigeria would owe USD 2.5 
billion in 2002, which "would not be possible."  Arikawe 
commented that he would also contact the other major players 
in the Paris Club in regards to organizing a meeting between 
the GON and Paris Club. 
 
 
Andrews 

Latest source of this page is cablebrowser-2, released 2011-10-04